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LEASE ADDENDUM
<br />LIABILITY INSURANCE REQUIRED OF RESIDENT
<br />1. Addendum. This is an addendum to the Lease (a mtract
<br />berm cca t<>a and ( )otner
<br />2. Acknowledgment Concerning Insurance or Damage
<br />Waiver. 1'i,u acknow-ledge that we do not maintain tasurancc to
<br />protect t<,u a(,ltmt personal mjur>, hiss or damage to tour
<br />personal propertr i'r hclomnngs, or to eiwg, our o'an haltilm
<br />for utltirv, loss or damage tau (or our occupant, or ,costs) mat
<br />cause others- l ou .also acknowledge e that In not ntamt:uning } our
<br />own p„itct of personal liability 1n urancc, too may be responsible
<br />to oti``crs 'including us; fur the full cost of .ant tniurt', Jos, or
<br />damage caused b' tour actions or the actions of vnur occuputts
<br />tit gac,ts. \ uu understand that paragraph of the Lease
<br />Contract require, 1 ou to maintain it it,htlm in,ur:utte pnitcl,
<br />which prov:de, limits of ivabihn' to third parties in an .mount not
<br />less than 5101 ,O(11 per occurrcnu' You vtill ensure that the
<br />Ictbnitt insurance p„ltct Identifies this aparn»en: conxnunttr .t.
<br />a -Party of interest.' or "Interested matt'" u,r similar language
<br />as star '.)e .,v ailahlc). l ,:u understand and agree nta;nt:un
<br />at :ail unless during the Merin of the '.ease (a nuract and ,tin
<br />renewal periods, .: roller of personal liabihn insurance with this
<br />hiss and rr,hcrutse. sausAutg the rcgmrcmcttts Jist d helov, at
<br />our sole cxpernc
<br />3. Required Policy- l,'u are required to purchase and maintain
<br />persona] It: iuliR 1 isur.,ncr covering )un, our nctNipants and
<br />guests, tar personal injury and prnpertt damage an ut too cause
<br />to thin'-parrte; .including damages to our pr(,pern-„ with the
<br />nuntmam molts) c,vcrage atmoum set forth in por.igraph 2 chine,
<br />from a carrier )Brit .tn \Jt Rest rating of A-111 or better,
<br />autli(iricd to iss,(e such insurance m (state). '1`hc (-artier must
<br />proviuie nonce to as Within 'NO dots of :inn canecll:ai',n, nun-
<br />rcnewal, or marcnal change in Four coterage. A\o rct.un rho iglu
<br />to hold ;,,u re.ponsthle t„r an, loss in evice.. or tour insurance
<br />e, n crag,.
<br />4. No Solicitation. 1_nlc,s i.then)use acknoaIedged m )\Ming, uu
<br />acknnv.ledge that v.e hai\e maele tin solietrttinns, guarantees,
<br />representations, or promise, whatsoever concerning any uf;ur:ux-e
<br />or sett xcs provided b) am msuranee aompam. 1 uu A ere and are
<br />tree to contract iar the required utsuranee )tub the prov2er ut
<br />u,ur choosing sr, long AS that pro)idcr (imports with the
<br />riquirrmcncs,dh.tragr.tph iall..)
<br />Subrogation Allowed. You and ae atire.t. that ,uhrc,i_:uion '.
<br />a louet) ht all parses and •h,tr this ❑grecmcnr •upersedcs am
<br />la::gu,(ge to the. contrast in the Lease Contract. Accordmglt, our
<br />utsurancc earner snit suv too fur i(,zsei it pays as a result of tour
<br />nrghgence,and : our insurance earner may sue us for In„e• it pat,
<br />as a result of our negligence.
<br />O. four Insurance Coverage. lit signing rim; addendum, too
<br />ac 1,11, 0)u h dgc th.0 ) w bate purchased the tnsur:,ncc described
<br />in paragraph, 2 and , and that t uu Na 111 prov ids w mien
<br />proof (.t this insuranec to on -site start pr.or to raking;
<br />"i 'he apartment. You further acknowledge that t<,u
<br />aril keep this 111,m:nce p,luct in -force for the entire term of the
<br />Icasc and proti<lc urirten proof of acn): renter's habihn
<br />cotera„e upon rc'yucst. If an> material term, of our insurance
<br />polio) change, you agree to prompt') pm) ulr proof of the
<br />moditted pohu terms to the iimsue staff. For the purpose, of rigs
<br />paragraph, culler the written p,.hcv itself or the declaration, page to
<br />the huhe' shalt cimsnrate tertttut proot.
<br />Default. L'nlcss crthcrttuc prohibited bc la'v, an> dctauit under
<br />the tern, ut this \ddcndurit ,h.tI, be deemed an ummechai%,
<br />maten,il and mcuraNe dot.u:lt under the term, of the Lease
<br />Contract, and to shall he entitled to exercise all rights .and
<br />remedies under the him . It too aL'ovV 0our „u'vdc poltet t'
<br />vspitz cooed, uni )gill be In default wader the terms (if vnut
<br />!cries It sou tail n, provide written proof of insurance as
<br />required 1. paragraph (., ate rescue the right u, procure coverage
<br />ti, address the defliicnet .111:9 trill charge the amount„ f $25.00 n:
<br />)our ledge!. 1111. charge mill protect the propern hue
<br />not eim cr per.nnal ;')c.orn1!nt,, m dtc case <,f :in incident AC c nra:
<br />acmnttuc u, ch.uec tau. for co%cragc monthll, until such time
<br />as u,,. prnyRic proot of :nsur:tncc pursuant to paragraph t,
<br />8. Miscellaneous. I xcept a, ,peeutic.iil> stated III dun Addendum,
<br />ail other terms and condntons of the Lease Contract shall r;matn
<br />unchanged. In the astir of an,conflict bet)uen the terms of this
<br />.Addendum :arxi the tuna of the Lease Contract, the term., rif this
<br />\ddenduttt sh.II. toms.'.
<br />IMPORTANT DISCLOSURES — READ CAREFULLY BEFORE SIGNING
<br />1. The insurance required by the Lease Contract is not required by any lave. Your obligation to provide insurance stems solely from the
<br />Lease Contract.
<br />2. The insurance required by the Lease is not an attempt to Limit the Owner's liability for its own negligence or your liability for your own
<br />negligence.
<br />3. The insurance required by the Lease Contract is not in lieu of, or in any way a component of, the security deposit required by the Lease
<br />Contract.
<br />4. You understand that every term of the agreement between you and the Owner is set forth in the Lease Contract, any addenda thereto,
<br />and in the Rules and Regulations which collectively constitute the entire agreement between you and the Owner. There are no other
<br />terms except those which may be implied by law.
<br />5. You agree that you have not received any oral representations from Owner or any representative of Owner which are inconsistent with or
<br />not contained in the Lease Contract, the addenda attached to the Lease Contract, or in the Rules and Regulations. if you have received
<br />any such oral representations, you agree that you did not rely on theta to decide to enter in the Lease Contract or this Addendum.
<br />6. You understand that the liability -only insurance we may procure on your behalf in the event of your default may cost more than similar
<br />insurance you can purchase on your own. You also understand that this liability -only insurance purchased on your behalf is limited in
<br />scope and may not fully protect your interests.
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